TransAlta (TSE:TA) Given New C$18.00 Price Target at TD Securities

TransAlta (TSE:TA) (NYSE:TAC) had its price objective hoisted by TD Securities from C$16.00 to C$18.00 in a report released on Wednesday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ target price indicates a potential upside of 20.81% from the company’s previous close.

Other analysts also recently issued reports about the stock. CIBC lowered their price objective on shares of TransAlta from C$16.50 to C$15.50 and set an “outperform” rating on the stock in a report on Monday, July 22nd. BMO Capital Markets lifted their target price on TransAlta from C$16.00 to C$17.00 in a research report on Thursday, September 5th. National Bankshares raised their price target on TransAlta from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research note on Friday, August 23rd. Finally, Desjardins set a C$15.50 price objective on TransAlta and gave the company a “buy” rating in a report on Wednesday, October 30th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$16.17.

TransAlta Trading Down 2.6 %

TransAlta stock traded down C$0.40 during midday trading on Wednesday, hitting C$14.90. 1,645,922 shares of the stock were exchanged, compared to its average volume of 1,043,455. TransAlta has a 52 week low of C$8.22 and a 52 week high of C$15.37. The company has a quick ratio of 0.62, a current ratio of 0.84 and a debt-to-equity ratio of 219.87. The stock has a market capitalization of C$4.44 billion, a PE ratio of 7.82, a P/E/G ratio of -0.07 and a beta of 0.93. The company has a fifty day simple moving average of C$13.39 and a two-hundred day simple moving average of C$11.12.

Insider Activity at TransAlta

In other TransAlta news, Senior Officer Kerry Lynn O’reilly sold 48,833 shares of TransAlta stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of C$10.99, for a total transaction of C$536,674.67. In related news, Senior Officer Jane Nyla Fedoretz sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of C$13.92, for a total value of C$278,400.00. Also, Senior Officer Kerry Lynn O’reilly sold 48,833 shares of TransAlta stock in a transaction on Friday, August 9th. The stock was sold at an average price of C$10.99, for a total value of C$536,674.67. Insiders sold 78,839 shares of company stock worth $929,648 in the last three months. 0.21% of the stock is owned by insiders.

TransAlta Company Profile

TransAlta Corporation engages in the development, production, and sale of electric energy. It operates through Hydro, Wind and Solar, Gas, Energy Transition, and Energy Marketing segments. The Hydro segment holds interest of approximately 922 megawatts (MW) of owned hydroelectric generating capacity located in Alberta, British Columbia, and Ontario.